London close: Footsie slides with Wall Street
1st Oct 2009 16:28
Footsie closed sharply lower after the US reacted badly to worse than expected dole claims. The Dow is now down more than 100 points with investors nervous ahead of the big monthly non-farm payrolls figure tomorrow. BAE struggled after the Serious Fraud Office asked the Attorney General if it can p
Read moreLondon afternoon: Blue chips drifting along
1st Oct 2009 14:05
Footsie has recovered a little ahead of the US open, but the index is still in the red with weapons group BAE Systems especially under the cosh. Early indications are for the Dow to drop between 15-18 points, with intital jobless claims a bit higher than expected. The big jobs figure comes tomorro
Read moreLondon midday: Footsie slips after record quarter
1st Oct 2009 12:08
Footsie has paused for breath after its record-breaking quarter with weapons group BAE Systems especially under the cosh. The Serious Fraud Office has asked the Attorney General if it can prosecute the defence contractor over alleged bribery in a number of countries. The SFO is deciding if it shou
Read moreLondon open: Healthy start to Q4
1st Oct 2009 08:40
London set off higher Thursday as buyers snapped up miners and Legal & General (L&G) continued to attract speculative interest. Persistent talk that Resolution is circling L&G had the insurer higher again in early deals, while yesterday's upgrade by Deutsche Bank helped. The broker also thinks Av
Read moreLondon pre-open: Flat start expected
1st Oct 2009 07:42
After celebrating the biggest quarterly rise in its history yesterday the Footsie seems reluctant to move at all at the start of the new quarter, with traders predicting a flat opening. Interdealer broker ICAP expects revenue to increase by about 6% in the half year ended 30 September 2009, but pro
Read moreBrewin Dolphin profits to be at top end
1st Oct 2009 07:15
Stockbroker and fund manager Brewin Dolphin said third quarter performance has been strong and results for the full year should be at the upper end of the board’s expectations. After consulting with the Financial Reporting Review Panel the company has decided on an accounting policy change, so that
Read moreLondon close: Upward march recommences
29th Jul 2009 16:47
Footsie was back to winning ways Wednesday as investors digested a stream of company updates. Fund manager Schroders led the way after Morgan Stanley upgraded the firm to "overweight" from "underweight" and raised its price target to 1,045p from 710p. Rexam was the major faller after it launched
Read moreLondon afternoon: Financials lift Footsie
29th Jul 2009 14:33
Risers outnumber fallers by around three to one among FTSE 100 constituents, as the blue-chip index resumes its upward climb following yesterday's pause for breath. Financial stocks lead the advance, with insurers Aviva, RSA and Standard Life to the fore, as is part-nationalised bank Royal Bank of
Read moreFTSE 250 movers: Updates shake up mid-cap index
29th Jul 2009 14:19
With several mid-cap firms in the news today, there has been a lot of movement in both directions. Shares in wireless technology group CSR lead the FTSE 250 higher after it said an end to destocking from customers should have a positive effect on third quarter revenues. Car dealer Inchcape is hot
Read moreLondon midday: Blue-chips advance on broad front
29th Jul 2009 11:50
Having seen its winning streak come to an end yesterday Footsie is back on the rise today despite some mixed corporate news. Rexam is the major faller after it launched its well-flagged rights issue to raise £351m at a big discount to the current share price. The interim dividend has also been scra
Read moreQ3 income flat at Brewin Dolphin
29th Jul 2009 08:17
Stockbroker and fund manager Brewin Dolphin's third quarter income was pretty much unchanged from last year's, as expected. Income for the three months to 28 June came in at £51.4m versus £51.3m a year ago, and edged up to £156.2m for the 39 weeks from £155.4m in 2008. The firm welcomed an improve
Read moreLondon close: Late gains lift Footsie
29th Jun 2009 16:50
After a rather sluggish start to the day, Footsie ended with chunky gains, helped by buoyancy on Wall Street. Lloyds Banking topped the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "conviction buy" list. Goldman Sachs has also lif
Read moreLondon afternoon: Financials spearhead the advance
29th Jun 2009 14:21
Banks and insurers lead the way as London continues its steady advance. Lloyds Banking tops the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "Conviction Buy" list. Goldman Sachs has also lifted its target price from 61p to 107p, af
Read moreLondon midday: Lloyds leads banks higher
29th Jun 2009 11:51
Risers outnumber fallers by around three to one among Footsie constituents, as the index pushes ahead despite weakness among miners. Lloyds Banking tops the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "Conviction Buy" list. Goldm
Read moreLondon close: Blue chips close lower
28th May 2009 16:51
UK blue chips closed lower despite a bright start on Wall Street with sentiment knocked by poorly received updates from Wolseley and Man Group. Hedge fund manager Man Group was weighed down by disappointing results. "The past financial year saw extraordinary turmoil in financial markets globally wh
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